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Jeanette Sellers, Vice President of Accounting at nCino, Inc. (NASDAQ:NCNO), a $2.7 billion market cap company currently showing signs of being undervalued according to InvestingPro Fair Value analysis, recently sold shares of the company's common stock, according to a recent SEC filing. The transactions, which took place on April 8 and April 9, involved the sale of a total of 811 shares, resulting in a total value of $17,964. The shares were sold at prices ranging from $22.09 to $22.309 per share, during a period when the stock has shown a strong 12.5% gain over the past week, despite being down roughly 27% over the last six months.
The sale of 228 shares on April 8 was conducted to cover tax withholding obligations related to the vesting of restricted stock units (RSUs), as per the company's equity incentive plans. This type of transaction is not considered a discretionary trade by the reporting person. On April 9, an additional 583 shares were sold under a Rule 10b5-1 trading plan, which was adopted by Sellers in December 2024. Following these transactions, Sellers now holds 18,288 shares of nCino common stock. While the company posted 13.45% revenue growth in the last twelve months, analysts tracked by InvestingPro have recently revised their earnings expectations downward for the upcoming period, with the next earnings report expected on May 28, 2025.
In other recent news, nCino Inc. has seen several notable developments. UBS revised its price target for nCino to $30 from $43, maintaining a Buy rating, following the company's fiscal fourth-quarter 2025 results that slightly exceeded expectations. However, the company's fiscal year 2026 guidance indicated revenue projections below analyst expectations, leading to a more conservative outlook. Keefe, Bruyette & Woods also adjusted their price target to $28 from $40 while retaining an Outperform rating, noting the company's revenue guidance fell short of market expectations. BofA Securities increased its price target to $26 from $22, maintaining a Neutral rating, citing confidence in nCino's growth strategy and commitment to its fiscal year 2026 guidance.
Goldman Sachs downgraded nCino's stock from Buy to Neutral, cutting the price target to $24 due to slower-than-expected performance in its core commercial business and internal execution challenges. Despite these challenges, nCino's new product suite, including DocFox and Banking Advisor, is expected to provide some growth benefits. Keefe, Bruyette & Woods highlighted nCino's potential for margin expansion beyond the current fiscal year, viewing the stock as a buying opportunity. These recent developments reflect a mix of cautious optimism and concern among analysts regarding nCino's future performance.
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